XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.22.1

Leases | 3 Months Ended
--- | ---
Mar. 31, 2022
Leases [Abstract] |
Leases |
5. | Leases
As of March 31, 2022, the weighted average remaining lease term was 8.0 and 3.5 years for operating and finance leases, respectively. As of March 31, 2022, the weighted average discount rate was 3.7% and 3.8% for operating and finance leases, respectively. The components of lease expense were as follows (U.S. dollars in thousands):
|  | Three Months Ended March 31, |
|  | 2022 |  |  | 2021 |
Operating lease expense |  |  |  |  |  |
Operating lease cost |  | $ | 10,439 |  |  | $ | 12,815 |
Variable lease cost |  |  | 1,157 |  |  |  | 1,368 |
Short-term lease cost |  |  | 30 |  |  |  | 339 |
Sublease income |  |  | — |  |  |  | (1,984 | )
Finance lease expense |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  | 556 |  |  |  | 611 |
Interest on lease liabilities |  |  | 66 |  |  |  | 88 |
Total lease expense |  | $ | 12,248 |  |  | $ | 13,237 |
Supplemental cash flow information related to leases was as follows (U.S. dollars in thousands):
|  | Three Months Ended March 31, |
|  | 2022 |  |  | 2021 |
Operating cash outflow from operating leases |  | $ | 10,405 |  |  | $ | 14,149 |
Operating cash outflow from finance leases |  | $ | 68 |  |  | $ | 89 |
Financing cash outflow from finance leases |  | $ | 476 |  |  | $ | 483 |
Right-of-use assets obtained in exchange for operating lease obligations |  | $ | 23,730 |  |  | $ | 10,891 |
Right-of-use assets obtained in exchange for finance lease obligations |  | $ | — |  |  | $ | 49 |
Maturities of lease liabilities were as follows (U.S. dollars in thousands):
Year Ending December 31 |  | Operating Leases |  |  | Finance Leases |
2022 |  | $ | 28,595 |  |  | $ | 1,578 |
2023 |  |  | 28,298 |  |  |  | 2,032 |
2024 |  |  | 21,657 |  |  |  | 1,924 |
2025 |  |  | 15,507 |  |  |  | 1,361 |
2026 |  |  | 8,559 |  |  |  | 260 |
Thereafter |  |  | 49,766 |  |  |  | — |
Total |  |  | 152,382 |  |  |  | 7,155 |
Less: Finance charges |  |  | 19,577 |  |  |  | 473 |
Total principal liability |  | $ | 132,805 |  |  | $ | 6,682 |
The Company has additional lease liabilities of $0.1 million which have not yet commenced as of March 31, 2022, and as such, have not been recognized on the consolidated balance sheets.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration